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NASDAQ:ARCCAres Capital Stock Price, Forecast & News

$15.44
+0.27 (+1.78 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$15.10
Now: $15.44
$15.50
50-Day Range
$11.16
MA: $13.22
$15.47
52-Week Range
$7.90
Now: $15.44
$19.33
Volume3.36 million shs
Average Volume2.49 million shs
Market Capitalization$6.53 billion
P/E RatioN/A
Dividend Yield10.55%
Beta1.17
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.14 out of 5 stars


Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:ARCC
CUSIP04010L10
Phone212-750-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$1.99 per share
Book Value$17.48 per share

Profitability

Net Income$793 million

Miscellaneous

EmployeesN/A
Market Cap$6.53 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Ares Capital (NASDAQ:ARCC) Frequently Asked Questions

How has Ares Capital's stock been impacted by COVID-19 (Coronavirus)?

Ares Capital's stock was trading at $15.90 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ARCC stock has decreased by 2.9% and is now trading at $15.44. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ares Capital?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last year. There are currently 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ares Capital.

When is Ares Capital's next earnings date?

Ares Capital is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Ares Capital.

How were Ares Capital's earnings last quarter?

Ares Capital Co. (NASDAQ:ARCC) announced its quarterly earnings results on Tuesday, May, 5th. The investment management company reported $0.41 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.02. The investment management company earned $369 million during the quarter, compared to the consensus estimate of $378.83 million. Ares Capital had a negative net margin of 2.17% and a positive return on equity of 10.81%. The company's revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. View Ares Capital's earnings history.

How often does Ares Capital pay dividends? What is the dividend yield for Ares Capital?

Ares Capital declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.40 per share on Tuesday, June 30th. This represents a $1.60 annualized dividend and a yield of 10.36%. The ex-dividend date of this dividend is Friday, June 12th. View Ares Capital's dividend history.

What price target have analysts set for ARCC?

9 Wall Street analysts have issued twelve-month target prices for Ares Capital's shares. Their forecasts range from $14.00 to $20.00. On average, they expect Ares Capital's share price to reach $16.44 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price. View analysts' price targets for Ares Capital.

Has Ares Capital been receiving favorable news coverage?

Press coverage about ARCC stock has been trending somewhat negative recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ares Capital earned a news impact score of -1.0 on InfoTrie's scale. They also assigned press coverage about the investment management company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutAres Capital.

Are investors shorting Ares Capital?

Ares Capital saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,680,000 shares, an increase of 93.9% from the April 30th total of 2,930,000 shares. Based on an average trading volume of 5,270,000 shares, the short-interest ratio is currently 1.1 days. Approximately 1.4% of the company's shares are sold short. View Ares Capital's Current Options Chain.

Who are some of Ares Capital's key competitors?

What other stocks do shareholders of Ares Capital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Capital investors own include AT&T (T), Energy Transfer LP Unit (ET), Enterprise Products Partners (EPD), ANNALY CAP MGMT/SH (NLY), New Residential Investment (NRZ), Cisco Systems (CSCO), AGNC Investment (AGNC), AbbVie (ABBV), Verizon Communications (VZ) and Intel (INTC).

Who are Ares Capital's key executives?

Ares Capital's management team includes the following people:
  • Mr. Michael J. Arougheti, Exec. VP & Co-Chairman (Age 47)
  • Mr. Bennett Rosenthal, Co-Founder and Co-Chairman (Age 56)
  • Mr. Robert Kipp DeVeer III, CEO & Director (Age 46)
  • Mr. Mitchell S. Goldstein CPA, CPA, Co-Pres (Age 52)
  • Mr. Michael Lewis Smith, Co-Pres (Age 48)

What is Ares Capital's stock symbol?

Ares Capital trades on the NASDAQ under the ticker symbol "ARCC."

Who are Ares Capital's major shareholders?

Ares Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (1.09%), Lord Abbett & CO. LLC (0.73%), Legal & General Group Plc (0.65%), Vaughan Nelson Investment Management L.P. (0.59%), Van ECK Associates Corp (0.58%) and Muzinich & Co. Inc. (0.55%). Company insiders that own Ares Capital stock include Bates Ann Torre, Daniel G Kelly, Jr, Eric B Siegel, Penelope F Roll, R Kipp Deveer, Steve Bartlett and Steven B Mckeever. View institutional ownership trends for Ares Capital.

Which institutional investors are selling Ares Capital stock?

ARCC stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Skandinaviska Enskilda Banken AB publ , UBS Group AG, Clearbridge Investments LLC, Vaughan Nelson Investment Management L.P., HighTower Advisors LLC, Confluence Investment Management LLC, and Chartwell Investment Partners LLC. View insider buying and selling activity for Ares Capital.

Which institutional investors are buying Ares Capital stock?

ARCC stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Apollo Management Holdings L.P., RiverNorth Capital Management LLC, State of Tennessee Treasury Department, Two Sigma Advisers LP, Delphi Financial Group Inc., JNB Advisors LLC, and Legal & General Group Plc. Company insiders that have bought Ares Capital stock in the last two years include Bates Ann Torre, Daniel G Kelly, Jr, Eric B Siegel, Penelope F Roll, R Kipp Deveer, Steve Bartlett, and Steven B Mckeever. View insider buying and selling activity for Ares Capital.

How do I buy shares of Ares Capital?

Shares of ARCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ares Capital's stock price today?

One share of ARCC stock can currently be purchased for approximately $15.44.

How big of a company is Ares Capital?

Ares Capital has a market capitalization of $6.53 billion and generates $1.53 billion in revenue each year. The investment management company earns $793 million in net income (profit) each year or $1.89 on an earnings per share basis.

What is Ares Capital's official website?

The official website for Ares Capital is www.arescapitalcorp.com.

How can I contact Ares Capital?

Ares Capital's mailing address is 245 PARK AVENUE 44TH FLOOR, NEW YORK NY, 10167. The investment management company can be reached via phone at 212-750-7300 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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